XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME    
Loans receivable, including fees $ 65,257 $ 54,046
Securities: Taxable 4,055 2,915
Securities: Tax exempt 1,492 1,422
Interest-bearing deposits with banks 266 72
Total interest income 71,070 58,455
INTEREST EXPENSE    
Deposits 4,757 6,610
Short-term borrowings 284 325
Other borrowings 716 1,044
Total interest expense 5,757 7,979
NET INTEREST INCOME 65,313 50,476
PROVISION FOR LOAN LOSSES 4,200 5,450
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 61,113 45,026
OTHER INCOME    
OTHER INCOME 6,985 6,209
Net realized gains on sales of securities 92 71
Net gain on sale of loans 177 527
Earnings and proceeds on life insurance policies 941 845
Other 674 540
Total other income 8,325 7,780
OTHER EXPENSES    
Salaries and employee benefits 20,608 17,121
Occupancy, furniture & equipment, net 3,533 3,128
Furniture and equipment 1,289 1,020
Data processing and related operations 2,415 2,457
Federal Deposit Insurance Corporation insurance assessment 681 399
Advertising 473 385
Professional fees 1,582 1,062
Postage and telephone 993 983
Taxes, other than income 1,122 997
Foreclosed real estate 115 53
Amortization of intangibles 123 114
Merger related   2,049
Other 5,644 4,672
Total other expenses 38,578 34,440
INCOME BEFORE INCOME TAXES 30,860 18,366
INCOME TAX EXPENSE 5,945 3,286
NET INCOME $ 24,915 $ 15,080
BASIC EARNINGS PER SHARE $ 3.05 $ 2.09
DILUTED EARNINGS PER SHARE $ 3.04 $ 2.09
Service Charges And Fees [Member]    
OTHER INCOME    
OTHER INCOME $ 5,693 $ 5,115
Income From Fiduciary Activities [Member]    
OTHER INCOME    
OTHER INCOME $ 748 $ 682